Two-Space Mixed-Use
New
For Sale
$250,000
9987 S IN-243, Cloverdale, IN 46120
Commercial Sale, Cloverdale, IN
Property SizeContact for details
Lot Size1.40 Acres
Days on Market7
Property Features for 9987 S IN-243
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Elementary school district
Cloverdale Community Schools
Middle school district
Cloverdale Community Schools
High school district
Cloverdale Community Schools
Directions
GPS Friendly
Subdivision
6722 - Putnam - Cloverdale
Standard status
Active
APN
671232400032000002
Lot size
1.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SE SE S32 T13 R4 1.40A
Tax Annual Amount
2268
Legal Description
SE SE S32 T13 R4 1.40A
Listing Agency:
RE/MAX Cornerstone · RE/MAX International
(765) 653-7070
Listed By:
Tyler Cox · License #SP31300582
(765) 247-9445
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 7 at 9:06AM
MLS# 22129117
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Set on 1.4 acres, this commercial property contains two distinct spaces. One previously housed a bait and tackle retailer offering live bait, fishing and boating gear, alcohol, and ammunition; the other has operated as a small pizza and ice cream restaurant. The existing business is not part of the sale. Inventory and equipment may be purchased separately from the real estate.
The property fronts IN-243 in Cloverdale, less than a mile from Interstate 70. More than 2,000 vehicles pass daily, and Cataract Lake is a few miles away. Zoning is commercial.
The property fronts IN-243 in Cloverdale, less than a mile from Interstate 70. More than 2,000 vehicles pass daily, and Cataract Lake is a few miles away. Zoning is commercial.
Key Highlights
- Two separate spaces: former bait and tackle retail area and small restaurant
- 1.4‑acre site with commercial zoning
- Located on IN‑243, less than a mile from Interstate 70
Property Analytics
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Current Use
Lease Details
2,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 46120, IN
5,891
Population
3,045
Households
1.9
Avg Household Size
45
Median Age
15%
College-Educated
90%
High-School Grad
91.7 sq mi
ZIP Area
64
Density / Sq Mi
$55,192
Median Household Income
$37,409
Median Earnings
$841
Median Rent
$166,900
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property pairs a former bait and tackle shop with a small restaurant space.
Where is this mixed-use property located?
The property is located at 9987 S IN-243 Cloverdale, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two separate spaces: former bait and tackle retail area and small restaurant; 1.4‑acre site with commercial zoning; Located on IN‑243, less than a mile from Interstate 70
